When You Should (& Shouldn’t) Return PPP Money & How To Return PPP Funds If It’s Not The Right Fit After All

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Complicating matters further is some confusion in between the PPP and the SBA’s other major coronavirus intervention, Economic Injury Disaster Loans. A 1%interest loan with a six-month deferment is, by any unbiased procedure, a ridiculously great loan. If you return your PPP loan during the Safe Harbor window, you successfully never had the loan.

Less, however still some, of the loan might be forgiven if the service reduced payroll by method of personnel or salary reductions. Making complex matters further is some confusion in between the PPP and the SBA’s other major coronavirus intervention, Economic Injury Disaster Loans. A 1%interest loan with a six-month deferment is, by any objective procedure, an absurdly good loan. If you return your PPP loan during the Safe Harbor window, you effectively never ever had the loan. There are no prepayment charges on PPP loans.

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